Tag: Renault

UPDATE 2-Hyundai Motor lays out U.S. recovery plan, places hope on new SUV models

SEOUL (Reuters) – South Korea’s Hyundai Motor Co (005380.KS) laid out its U.S. sales turnaround plan on Monday with an expanded line-up of sport-utility vehicles (SUV), after posting its biggest quarterly profit jump in seven years. FILE PHOTO: The Hyundai logo is seen during the first press day of the Paris auto show, in Paris,… Continue reading UPDATE 2-Hyundai Motor lays out U.S. recovery plan, places hope on new SUV models

Rivian R1T Electric Pickup Truck Now In Production

Body panels are now being stamped. Rivian has just announced that production of some parts for its R1T electric pickup truck is now underway. It seems Rivian will beat Tesla in launching an electric truck. These parts are almost surely for pre-production prototypes. Those trucks will be utilized for extensive testing purposes along with evaluation… Continue reading Rivian R1T Electric Pickup Truck Now In Production

Nissan Australia touts LEAF V2H capabilities, disses Tesla battery project

Nissan’s Global Director of Electric Vehicles, Nic Thomas, recently took a trip Down Under for the Australian launch of the Nissan LEAF Plus. In his speech, he highlighted the LEAF’s bidirectional charging capability, which he said is already being used in Japan, and is expected to be available in Australia within months. Nissan Australia’s Manager… Continue reading Nissan Australia touts LEAF V2H capabilities, disses Tesla battery project

Cummins makes offer for VW’s large engines unit -sources

FRANKFURT (Reuters) – United States-based diesel engines maker Cummins (CMI.N) has made an indicative offer for Volkswagen’s (VOWG_p.DE) MAN Energy Solutions unit, people close to the matter said, as the carmaker seeks to slim down its portfolio of disparate assets. FILE PHOTO: The logo of Volkswagen is seen in front of its plant, in Bratislava,… Continue reading Cummins makes offer for VW’s large engines unit -sources

Groupe Renault and Coscharis Group start partnership to produce and distribute Renault vehicles in Nigeria

The Coscharis Group plant will start assembling Renault Logan and Renault Duster and will distribute the cars through their sales network throughout the country starting October 2019. Groupe Renault is leader in Africa with 18% market share.   Boulogne-Billancourt and Lagos – July 18, 2019 – Groupe Renault and Coscharis Group mark today the start… Continue reading Groupe Renault and Coscharis Group start partnership to produce and distribute Renault vehicles in Nigeria

Renault’s Senard expects Nissan’s new board to embrace alliance

PARIS (Reuters) – Renault (RENA.PA) is confident that alliance partner Nissan’s (7201.T) new board will work to reinforce their partnership as it struggles to turn the page on the Carlos Ghosn scandal, Renault Chairman Jean-Dominique Senard said on Thursday. FILE PHOTO: Renault Chairman Jean-Dominique Senard gestures at the end of a joint news conference in… Continue reading Renault’s Senard expects Nissan’s new board to embrace alliance

Toyota locks in more than a supply of EV batteries in deal with China’s CATL

Toyota needs more than a secure and steady supply of batteries if it hopes to meet its ambitious global sales goal for electric vehicles. If it hopes to compete, the Japanese automaker will need better quality lithium-ion batteries that don’t squeeze profit margins. The automaker is turning to Chinese EV battery supplier CATL for the… Continue reading Toyota locks in more than a supply of EV batteries in deal with China’s CATL

Renault invests $144 million into China’s electric vehicle sector

Loic Venance | AFP | Getty Images Auto maker Renault and the Jiangling Motors Corporation Group (JMCG) have officially set up a joint venture for electric vehicles in China.
In an announcement Wednesday, Renault said that the venture would look to “further promote the development” of China's electric vehicle industry.
Renault will increase its share capital by around 128.5 million euros ($144.1 million) to become a major shareholder of JMEV, a subsidiary of JMCG. Renault's stake in JMEV will increase to 50%.
Francois Provost, senior vice president and chairman of the China region for Groupe Renault, described China as a key market for the firm. “This partnership in electric vehicle business with JMCG will support our growth plan in China and our EV capabilities,” Provost added.
Worldwide electric car sales hit 1.98 million in 2018, according to the International Energy Agency (IEA), with global stock reaching 5.12 million.
China's electric car market is the biggest on the planet, the IEA says, with Europe and the U.S. following behind. There were 2.3 million electric cars on China's roads last year, according to the IEA, representing roughly 45% of the world's total.